Rheinmetall
Germany’s largest defence company.
52-week range
As of 5 Oct 2026, 17:35What does Rheinmetall do?
Düsseldorf-based Rheinmetall makes military vehicles, ammunition, weapon systems, air defence and military electronics. Its most important customer is the German armed forces (Bundeswehr), along with other NATO countries. Its civilian car parts business is being sold to the investor Aequita (contract signed June 2026). Since March 2026 the group also includes the naval shipbuilder NVL.
Rheinmetall supplies tanks, trucks and ammunition to the Bundeswehr. In football, it has sponsored Borussia Dortmund since 2024.
How Rheinmetall makes money
- Military vehicles45 %
- Weapons & ammunition32 %
- Electronics & air defence23 %
Strengths
- Many European countries are raising their defence budgets significantly.
- An order backlog, including framework contracts, of about €64 billion, several times its annual revenue.
- Revenue grew 29% in 2025 to almost €10 billion.
Risks
- The business depends heavily on political decisions and government budgets.
- Exports need government approval, and the arms industry is controversial in society.
- Its rapid build-out of new plants has to work, or delays could follow.
- Founded
- 1889
- Headquarters
- Düsseldorf, Germany
- Employees
- about 29,000 (end of 2025, defence only)
What if you had invested in Rheinmetall earlier?
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This page explains the company and is not a recommendation to buy or sell.